Solved

If $2,000,000 of 10% Bonds Are Issued at 97, the Amount

Question 22

Multiple Choice

If $2,000,000 of 10% bonds are issued at 97, the amount of cash received from the sale is

A) $2,060,000
B) $2,000,000
C) $2,100,000
D) $1,940,000

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